Finding The Right Business For You: Getting Paid

There are many different reasons why people choose to get involved in network marketing. Although it may not be the primary reason for many people, getting paid will be rank high on most people's list.

So it makes sense that, when you are deciding which of the many available network marketing opportunities to get involved in, that part of your evaluation process will consider the payment, or commission scheme in place.

At this point things can get a bit complex. Unsurprisingly, almost every network marketing company in business today will claim to have the best pay plan available. They probaly genuinely believe this (and they might be right) and will usually devote several sheets of paper or screens to show this to you in all its glory. Expect to see the word "revolutionary" used at least once.

Some of these schemes can appear a bit complex to say the least. There will almost certainly be a matrix of some kind involved and there will probably be some kind of "ladder of success" where you earn new ranks and titles as you progress in the business.

It can seem a bit daunting, trying to work out how long it will take you to get from Space Cadet to Star Fleet Commander and what it all means in terms of money - but focus on a few simple questions and you can cut through the mumbo-jumbo.

  • What will you get paid for?
  • How much will you get paid?
  • When will you get paid?
  • How will you get paid?
  • What will you get paid for?
    Surprisingly enough, this is a (slightly) more important question than "how much?" - for one simple reason. If your main, or only, source of income results from recruiting other people into the business, then there's a very high possibility that you may be involved in a pyramid scheme.

    Your main income should arise when you sell a product or service to a customer, not when you recruit someone. There's absolutley nothing wrong with profiting whenever someone who you have introduced to the business makes a sale - but you shouldn't be making significant income just for recruiting them.

    You should also check if there is a "qualifying" level of sales that you need to make each month in order to get your commission. It can be very frustrating if, having built a large customer base and a healthy downline team, you miss out on your monthly cheque due to an insufficient amount of personal sales.

    How much will you get paid?
    Having satisfied yourself that you're getting paid for moving a genuine product or service, you can now focus on how much you'll be earning. Obviously you want to make as much as you can - but how much is enough will depend upon the type of product you're going to be marketing.

    If you're selling relatively high price items and getting paid for the sale alone, then you will want a fairly high percentage as commission. A minimum of 25% would be reasonable and 50% is not out of the question for some types of product.

    If, on the other hand, you're promoting something which will bring you a genuine residual income month after month then you might be happier to settle for a reasonable signup bonus followed by a relatively small percentage of the monthly fee thereafter. If you're confident that you offer a good value product that people will continue to use month after month, year in, year out, then you can accept a much lower percentage of the takings. In the long run you will make more money per customer and you may also find it easier to get customers who have to shell out a relatively small amount of money up front followed by ongoing monthly rental or leasing fees.

    When you start in your network marketing business, most of your earnings will be as a result of your own efforts. However, later on, as you build your team, your personal earnings will be outstripped by the income you will make from your team's sales. So you should also make sure that you know how much profit you will be able to make from the efforts of your downline members. What percentage of their sales will you make and how deep (how many levels down) will this be paid out on?

    When will you get paid?
    You should get paid pretty quickly after the customer has paid the company you're working with. Payment processing on the internet is very rapid and you should be paid once a month, no more than a month in arrears. After all, the idea is to supplement or replace your monthly salary - isn't it?

    How will you get paid?
    In an ideal world, you should receive your monthly commission directly into your bank account (via PayPal perhaps), paid in your local currency. If this isn't possible, payment in dollars is the next best thing.

    Focus on the fundamentals and don't be distracted by the complexities of the pay plan. You'll avoid disappointment and might just find the ideal business for you.

    Hamish Hayward

    In The News:

    Rail leaders outline reopening of North's network  Marketing Stockport news feed
    DSN Announces 2020 Global 100 List  Direct Selling News

    Network Marketing Training - MLM Success Secrets to SCORCHING MLM Leadership

    As far as your Network Marketing business, Let me ask... Read More

    MLM Money Making Opportunities

    There are still real money making opportunities mlm style available... Read More

    Can You Do A Word of Mouth Business?

    When your friends need a recommendation for a plumber or... Read More

    Network Marketing Tip: Do You Re-invent the Wheel or Just Drive the Car?

    There are those in the Network Marketing industry who would... Read More

    Tips for Success in Network Marketing

    Network marketing has a fantastic range of business opportunities. First... Read More

    MLM Professional as a Freedom Fighter

    "I am a freedom fighter. All of us in the... Read More

    MLM Recruiting- The Top 10 MLM Prospecting Tactics for Success

    You gotta have people to talk to in MLM Prospecting!INFERNO... Read More

    New Life, New Blood, New Ideas, and New Activity

    This is an interested point I read in the Book... Read More

    Select Network Marketing and Select Good MLM company to Work For

    Here are the good criteria and checkpoints to select network... Read More

    New Style Network Marketing - Why Professionals are Rushing to Join!

    There is absolutely no doubt. Network marketing or multi level... Read More

    Network Marketing Training - The Single Biggest Mistake Made in MLM Today have joined a Network marketing Company, and you are... Read More

    How To Separate Work From Private Life With A Work From Home Business

    Combining your home life with your work when you have... Read More

    Which MLM Opportunity?

    So, you have become an MLM Opportunity Seeker and you... Read More

    Five Steps That Will Help You Succeed in Niche Marketing

    Niche marketing is a manifestation of how much internet marketing... Read More

    Home Based Business on the Internet

    The subconscious mind is a very powerful thing and if... Read More

    MLM Recruiting Success- The MLM Recruiting Myth in Network Marketing

    There is a Myth, a Lie, a Bogus concept that... Read More

    How To Find Your Perfect MLM Sponsor In 3 Easy Steps - Without Going Completely Insane

    If you've never had the experience you're very lucky....You just... Read More

    Listening Your Way to Greatness

    What you listen for in your conversations with others determines... Read More

    Home-based Business Opportunity, Anyone?

    It seems home based opportunities are a bit more common... Read More

    Online Network Marketing Business is Your Highway to generate more Passive Income Faster

    This is the fact of the world : People need... Read More

    How To Succeed In Network Marketing (PART 1)

    How to succeed (and fail) in Network Marketing. (PART 1)When... Read More

    Purposeful Web Site Planning - Dont Get Started Without Goals

    It seems like everyone has a web site these days.... Read More

    MLM or Pyramid scheme - What is the difference?

    Many people question the ethics of MLM. They claim that... Read More

    MLM Training- The New MLM Distributors Getting Started Checklist

    A List for MLM Success.That is what I am talking... Read More

    Network Marketing Success- Network Marketing Success Vault Secrets

    Network Marketing Success is very elusive, as most do not... Read More